S&P 500 Hits 7000 Ahead of Big Tech Earnings

Core Viewpoint - The S&P 500 index has surpassed the 7000 mark for the first time, driven by strong performance in technology stocks ahead of significant earnings reports from major tech companies [1] Market Performance - The S&P 500 opened at 7000, marking a 0.3% increase and setting an intraday record of 7002.28 [1] - The Nasdaq Composite rose by 0.6% [1] - The Dow Jones Industrial Average increased by 103 points, equivalent to a 0.2% rise [1] Oil Market Reaction - WTI crude oil futures experienced a spike of 1.6%, reaching $63.37 per barrel [1] - The increase in oil prices was influenced by President Donald Trump's warning to Iran regarding a "massive armada" of U.S. warships, urging negotiations with the U.S. [1]